As wildfires spread through the Southland this week, Southern California Edison’s parent company saw its stock price plummet on investors’ fears that the utility could be forced to pay costs related to the blazes. The stock regained some ground to close Thursday at $71.77, but that price was still down 11% from Friday’s close. Why are wildfires erupting across Southern California? CAPTION A wildfire began in Murrieta on Thursday afternoon, destroying one structure and triggering evacuations as firefighters continued to battle destructive blazes across Southern California. A wildfire began in Murrieta on Thursday afternoon, destroying one structure and triggering evacuations as firefighters continued to battle destructive blazes across Southern California.

Source: Los Angeles Times December 08, 2017 01:18 UTC